The U.S. Energy Information Administration (EIA) forecast in its latest short term energy outlook (STEO) that U.S. crude oil production, including lease condensate, will average 13.98 million barrels per day in the fourth quarter of 2025.
Ghana’s oil industry is set to receive a boost from the deployment of 3D seismic data by the country’s government
Tetracore Energy Group, an integrated energy company, is set to launch Ghana’s first virtual gas pipeline network and compressed natural gas (CNG) mother station before the end of the year.
The long running legal dispute that Eni Ghana Exploration and Production and Vitol Upstream Ghana had initiated against the Ghana government was decided early this week, and everyone is telling their angle of the story.
The Minority in Parliament has cautioned the Akufo-Addo administration to exercise prudence and avoid making rash decisions in the future, in light of the court’s ruling on the $915 million lawsuit brought by Eni Ghana and Vitol Upstream against Ghana.
Eni Ghana Exploration and Production and Vitol Upstream Ghana have received a positive decision from an international arbitral tribunal regarding their unitisation dispute with the Republic of Ghana, ruling in favour of their long-standing opposition to the Ministry of Energy’s unitisation directives.
The Public Interest and Accountability Committee (PIAC) 2023 report sheds light on the persistent issue of gas flaring in Ghana’s oil and gas industry. Despite efforts to reduce flaring, the report reveals that Ghana continues to waste significant amounts of associated gas, posing environmental and economic concerns.
The International Arbitration Tribunal in the Eni & Vitol versus Ghana & Ghana National Petroleum Corporation (GNPC) arbitration has issued its final award. Positively for Ghana, the tribunal denied claimants their monetary damages. The claimants initially claimed 7 billion dollars, but they subsequently reviewed it to $915 million plus interest by the end of the proceedings.
When Ghana discovered oil in 2007, some observers predicted the “Dutch Disease” as the variant of the resource curse awaiting the country.
Tullow Ghana Limited (“TGL”) has announced key changes to its leadership team.
After four years as managing director in Ghana, Wissam Al-Monthiry, will be leaving the company at the end of July 2024, to pursue a new career opportunity.